BidaskClub upgraded shares of Commscope (NASDAQ:COMM) from a sell rating to a hold rating in a report released on Monday.

A number of other research firms also recently issued reports on COMM. Longbow Research upgraded Commscope from a neutral rating to a buy rating in a report on Friday, January 26th. Citigroup raised their price target on Commscope from $39.00 to $40.00 and gave the company a buy rating in a report on Thursday, November 2nd. Northland Securities restated a hold rating on shares of Commscope in a report on Friday, November 10th. Zacks Investment Research upgraded Commscope from a sell rating to a hold rating in a report on Tuesday, October 10th. Finally, ValuEngine downgraded Commscope from a buy rating to a hold rating in a report on Saturday, November 4th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $40.80.

Commscope (COMM) opened at $36.71 on Monday. The company has a quick ratio of 2.10, a current ratio of 2.78 and a debt-to-equity ratio of 2.93. The stock has a market capitalization of $7,283.30, a price-to-earnings ratio of 37.08, a price-to-earnings-growth ratio of 2.41 and a beta of 1.13. Commscope has a twelve month low of $30.95 and a twelve month high of $42.75.

In other news, insider Marvin S. Edwards, Jr. sold 50,000 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $36.45, for a total transaction of $1,822,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frank M. Drendel sold 5,284 shares of the stock in a transaction on Friday, December 8th. The shares were sold at an average price of $38.01, for a total value of $200,844.84. The disclosure for this sale can be found here. Insiders have sold 180,284 shares of company stock valued at $6,807,245 over the last 90 days. Corporate insiders own 3.33% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in COMM. Principal Financial Group Inc. boosted its position in shares of Commscope by 16.6% during the second quarter. Principal Financial Group Inc. now owns 43,261 shares of the communications equipment provider’s stock valued at $1,645,000 after buying an additional 6,172 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Commscope by 168.6% during the second quarter. Ameriprise Financial Inc. now owns 179,726 shares of the communications equipment provider’s stock valued at $6,835,000 after buying an additional 112,824 shares during the last quarter. ProShare Advisors LLC boosted its position in shares of Commscope by 48.1% during the second quarter. ProShare Advisors LLC now owns 7,207 shares of the communications equipment provider’s stock valued at $274,000 after buying an additional 2,340 shares during the last quarter. Northern Trust Corp boosted its position in shares of Commscope by 37.3% during the second quarter. Northern Trust Corp now owns 1,053,009 shares of the communications equipment provider’s stock valued at $40,046,000 after buying an additional 285,977 shares during the last quarter. Finally, Nordea Investment Management AB purchased a new stake in shares of Commscope during the second quarter valued at $235,000.

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About Commscope

CommScope Holding Company, Inc (CommScope) is a provider of infrastructure solutions for the core, access and edge layers of communications networks. The Company operates through two segments: CommScope Connectivity Solutions (CCS) and CommScope Mobility Solutions (CMS). Its portfolio includes wireless and fiber optic solutions.

Analyst Recommendations for Commscope (NASDAQ:COMM)

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